Obama Now Watching Your Credit Cards. Requests $70B in New Intel Programs & Ops
Administration found with plans to grab ‘non-public, confidential information’
The documents confirming the effort were released today by Judicial Watch, the Washington watchdog organization that tracks down, investigates and presses for prosecution of federal crimes.
“The Obama administration’s warrantless collection of the private financial information of millions of Americans is mind-blowing. Is there anything that this administration thinks it can’t do?” said Judicial Watch President Tom Fitton.
“These documents show that the Consumer Financial Protection Board is an out-of-control government agency that threatens the fundamental privacy and financial security of Americans. This is every bit as serious as the controversy over the NSA’s activities.”
Among other things, it found that the board, authorized by the 2010 Dodd-Frank financial reform plan, wants large amounts of credit information from millions of consumers, reportedly for a number of “policy research projects.”
The broad outline states: “The panel shall include 5 million consumers, and joint borrowers, co-signers, and authorized users. The initial panel shall contain 10 years of historical data on a quarterly basis.”
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White House requests $70 billion for new intelligence programs, operations